Deliberations are ongoing and details such as size, value and timing could change, the people said. MMC Port didn’t respond to requests for comment.
MMC Port Holdings Sdn. is considering an initial public offering in Kuala Lumpur that could raise as much as 7 billion ringgit ($2.13 billion), people familiar with the matter said, which would make it the biggest in Malaysia in more than a decade.
The port operator, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, is working with financial advisers on plans for a first-time share sale that may take place as soon as the second half of 2025, the people said, asking not to be identified as the process is private. MMC could be valued at 24 billion ringgit to 27 billion ringgit, they said.
